May News You Can Use
Housing Stats • Property Tax Deadline • Memorial Day Sales Tax Holiday
HOUSTON AREA HOME SALES DROOP DUE TO CORONAVIRUS
Just like that a strong Q1 encounters a bump in the road… Although real estate is considered essential business, the stay-at-home order and fear resulted in reduced sales of all property types in every price range. Prior to April, home sales were outpacing 2019’s volume. Year-to-date sales are still 1.4 percent ahead of last year’s level. Hopefully, as we start acclimating to a “new normal” and getting back to work, the real estate market will bounce back and we will end the year on a positive note.
